Pandemic may force Japan to give up RCEP agreement in 2020

Reverting to home manufacture, with the advent of advanced technologies and AI would leaven the profit gained by manufacture and assemblage in China. That anyone would consider Duterte possesses the necessary intelligence to creating a viable economics is beyond absurd. The opening-up of protected markets is one more example of embracing a failed fiscal policy, aptly named Abenomics. The domestic economy is of little actual concern to Abe, as the finance sector looks to outside investments to secure profits in foreign markets, all good and well for those who worship the golden calf and are engaged in profiteering and reflects the design of Abe and his cohort. The domestic economy has become anchored in various versions of mono-cropping, such as industrial tourism primarily dependent on visitors from a single foreign entity. This neglects the local, regional and nation economies and especially localized social ecologies. The architecture of which is evident in the current crisis which has disrupted the entire culture and threatens to bankrupt the very means and way of life that informs and is the very unique culture of Japan. A contagion from abroad was introduced and spread by and in line with the outlandish dependency on Chinese tourists. A contingency that has displaced domestic tourism which has been foisted by a queer notion of present and future demographics. That all is anchored on expansive growth instead of integrating the reduction of population into a genuinely sustainable mode of economics is daft, if not dangerous & foolish. By reducing gross resource consumption via a smaller populous it is possible, to richly provides for the citizenry, offset by, so-to-speak, cultivating one's own garden. Destruction of the agricultural sector, by so-called 'free trade', is to create an unnecessary dependency that will further impoverish the many, for the profit of the few, as always, because that is the overall intent. Globalization has been a failure, unless you are the CEO of Goldman Sachs or U. S. Secretary of the Treasury.

Richard Gallagher, interesting and in part true but also in part inaccurate, to refute your inaccuracies would require an article not a post and I want my breakfast!

Free trade would be insane at this point and going forward. It's not a great idea anyway, as its contribution to GDP is grossly exaggerated by the globalists, whose views, sadly, have become gospel.

The US economy was booming after Trump slapped myriad levies on imports. The free traders at the time predicted in full confidence that these moves would spell a slowdown. In fact the US economy went gangbusters. The boffins weren't just wrong, they were beyond wrong. Once again, it's time to focus on national priorities, rather than play into the mythical narrative spun by greedy billionaires and multi-national corporations. Time to bolster a national industrial strategy, not just for Japan, but the US and others who want to pull out of this disaster and have a brighter future.

May is still quite far away.

Nothing to do with corona virus. Down the yen to help japanese producers.